[mofoapoo]

Quote:
AZWolf said:
Most everyone for Obama, excerpt perhaps the very rich.
 

Even some of them now that they aren't very rich anymore.

[TheZookie007]

Quote:
AZWolf said:
Most everyone for Obama, excerpt perhaps the very rich.
 

..except for the very rich who are without conscience. After all, the richest man in America (Warren Buffett) is largely pro-Obama, and although he personally has profited from the current economic crisis, he is famous for trying to prod his fellow denizens on the Forbes 400 Richest Americans List to pay their fair share in taxes, with his comparison to his secretary.

[SwitcherX]

Quote:
TheZookie007 said:

..except for the very rich who are without conscience. After all, the richest man in America (Warren Buffett) is largely pro-Obama, and although he personally has profited from the current economic crisis, he is famous for trying to prod his fellow denizens on the Forbes 400 Richest Americans List to pay their fair share in taxes, with his comparison to his secretary.



...and then Buffett summoned all of his lawyers and accountants to his office and demanded to know why they hadn't figured out how he could avoid paying taxes at all.

[TheZookie007]

Hahaha!

23/6: "Dead Presidents Discuss the Live Ones, part 1"

[mastert]

Quote:
TheZookie007 said:

Quote:
AZWolf said:
Most everyone for Obama, excerpt perhaps the very rich.
 

..except for the very rich who are without conscience. After all, the richest man in America (Warren Buffett) is largely pro-Obama, and although he personally has profited from the current economic crisis, he is famous for trying to prod his fellow denizens on the Forbes 400 Richest Americans List to pay their fair share in taxes, with his comparison to his secretary.

Obama has openly mentioned that he would ask Warren Buffett to be Secretary of the Treasury. I don't put much stock into it, but he'd be a damn good choice.

[TheZookie007]

I don't know how good he would be with handling the Dept. of the Treasury's bureaucracy, but he would be the best-qualified Secretary in history. His confirmation would be super-fast

[mofoapoo]

Quote:
SwitcherX said:

Quote:
TheZookie007 said:

..except for the very rich who are without conscience. After all, the richest man in America (Warren Buffett) is largely pro-Obama, and although he personally has profited from the current economic crisis, he is famous for trying to prod his fellow denizens on the Forbes 400 Richest Americans List to pay their fair share in taxes, with his comparison to his secretary.

...and then Buffett summoned all of his lawyers and accountants to his office and demanded to know why they hadn't figured out how he could avoid paying taxes at all.



Doesn't he already donate well beyond the maximum amount to write off his taxes?

I heard you can only write off something like, 15-20% of your total income as tax exempt, and I read him and Bill Gates donate well beyond that.

[TheZookie007]

You are correct, sir.

Quote:
Botched joke, anyone? "Barack got asked the famous boxers or briefs question," said Sen. John Kerry, D-Mass., per PolitickerMA's Jeremy P. Jacobs. "Then they asked McCain and McCain said, 'Depends.' "

Ouch!

[SwitcherX]

Quote:
mofoapoo said:
Doesn't he already donate well beyond the maximum amount to write off his taxes?

I heard you can only write off something like, 15-20% of your total income as tax exempt, and I read him and Bill Gates donate well beyond that.

I don't know what Buffett did, but Gates set up some charitable foundation and then dumped a bunch of his money into it.  If done 1 way, it's a great way to do charitable work.  And if done another way, it's a fabulous way to avoid paying taxes.  If done properly, it can be almost impossible to tell the ways apart.

[TheZookie007]

You are also correct, sir.

[DruulEmpire]

Quote:
SwitcherX said:

Quote:
mofoapoo said:
Doesn't he already donate well beyond the maximum amount to write off his taxes?

I heard you can only write off something like, 15-20% of your total income as tax exempt, and I read him and Bill Gates donate well beyond that.

I don't know what Buffett did, but Gates set up some charitable foundation and then dumped a bunch of his money into it.  If done 1 way, it's a great way to do charitable work.  And if done another way, it's a fabulous way to avoid paying taxes.  If done properly, it can be almost impossible to tell the ways apart.

In fact, that's the story of the Howard Hughes Medical Institute.  At first, Howard set it up to duck taxes -- but it has grown into a worthy foundation in its own right.

[pedonbio]

Quote:
SwitcherX said:

Quote:
TheZookie007 said:

..except for the very rich who are without conscience. After all, the richest man in America (Warren Buffett) is largely pro-Obama, and although he personally has profited from the current economic crisis, he is famous for trying to prod his fellow denizens on the Forbes 400 Richest Americans List to pay their fair share in taxes, with his comparison to his secretary.

...and then Buffett summoned all of his lawyers and accountants to his office and demanded to know why they hadn't figured out how he could avoid paying taxes at all.



I'm glad, ironically, that I'm not a Baby Boomer. I'm about six weeks older than the first Boomer.

A long time ago they had such promise. They were the manpower in the demonstrations that finally ended the draft, unfortunately, and went a long way toward ending the Vietnam War.

But since then the overwhelming mass of Boomers have behaved, as one of them put it, "like the Earth is a business in liquidation."

Buffet and, much to his credit, Gates, know what the assholes don't know: If you don't pay taxes, it's only a matter of time until you live in Somalia.

So when McCain promises to lower taxes, what he means is that he wants America to look more like Somalia.

[PregNut]

So what does it mean when someone promises to give tax refunds to those who don't pay any taxes?

[SwitcherX]

Quote:
DruulEmpire said:
In fact, that's the story of the Howard Hughes Medical Institute.  At first, Howard set it up to duck taxes -- but it has grown into a worthy foundation in its own right.

Isn't that because he didn't have a will and they people handling the money didn't know what to do with it?

[TheZookie007]

I dunno; let's ask the candidates and see what they say about it:

"Presidential Rap Battle round 1"